Financial Statement Analysis has ratings and 10 reviews. Ahmed by. Martin S. Fridson, Be the first to ask a question about Financial Statement Analysis. Financial Statement Analysis by Martin S. Fridson, , available at Book Depository with free delivery worldwide. Praise for Financial Statement Analysis FOURTH EDITION “Over my decades of involvement with high-yield bonds, Marty Fridson has been the leading.
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Financial Statement Analysis: A Practitioner’s Guide, 4th Edition
Importantly, however, they move beyond the mechanics by providing the reader with insight into how to use, interpret, and recast the ratios under varying assumptions. Deep Value Tobias E. Part 2 provides an intoduction to the financial statements, devoting a chapter to each. The author suggest financial analyst should understand that this is the game between them as the user of financial statement and the author. He has had a front-row seat to see the birth, death, and rebirth of the high-yield bond market.
Aug 14, Ahmed Daabel rated it it was amazing. Praise for Financial Statement Analysis A Practitioner’s Guide Third Edition “This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company.
Alvarez has taught at New York University’s Stern School of Business where he was associate professor on innovation and entrepreneurship, and Babson College where he was assistant professor of finance. Part 1 sets the stage by positing the adversarial nature of financial accounting.
The next chapter discusses expense recognition using a similar framework. Refresh and try again.
Book ratings by Goodreads. The Fourth Edition of Marty’s terrific book is the bible on how to detect and deal with these efforts.
Financial Statement Analysis : Martin S. Fridson :
By using case studies drawn from real world situations that illustrate how even a basic analysis can reveal problems before it’s too late, the book is a cogent, topical, and valuable reference for any user of financial statements. It teaches the art of skepticism and critical thinking.
Fridson and Alvarez have written a classic. Oldstone rated it it was amazing Sep 05, Although you would find few people who would argue against this proposition today, it is still valuable to be reminded of the potential agency issues facing corporate officers and auditors.
Over statemenh twenty-five-year span with brokerage firms including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he became known for his innovative work frkdson credit analysis and investment strategy.
As buffet said “return of investment is more imp than return on investment” and this book does the job perfectly.
I would highly recommend this book to anyone interested in While purchasing this book, I was in two minds due to high price. Unlike the textbook approach, in which rational companies disclose audited statements in order to convey impartial data about their financial condition, “Financial Statement Analysis” begins with the proposition that the producers of financial statements have motives other than those suggested by traditional texts.
With real life cases and frauds explained in detail, it cautions investors of how to be alert and save oneslf of dangerous traps and would be scams. It is thorough, skeptical and extremely practical in its review. Want to Read saving…. In the author’s defense, they state in the introduction that accounting is assumed, so it’s not really fair to fault them for this.
Lukashod rated it it was amazing Oct 09, This book is different because the authors seamlessly integrate fascinating real-life examples and instructive fictional scenarios into each chapter to illustrate their points. Selected Works Political Economy.
Financial Statement Analysis : A Practitioner’s Guide
The Fourth Edition of Marty’s terrific book is the bible on how to detect and deal with these efforts. Each projected statement income, cash flow, and balance sheet is accompanied by a line-by-line description of relevant issues economic, historic, etc Liu Chunhui rated it really liked it Mar 06, This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today’s volatile markets and uncertain economy, and allow you to get past the sometimes biased portrait of a company’s performance.
The Best Books of In light of the Enron fiasco, which post-dates this book’s publication, the discussion is prescient and will no doubt fdidson to be expanded in future editions! Filled with real-world examples and expertadvice, FinancialStatement Analysis, Fourth Edition will help you excel atinterpreting financial statements and enable you to use thisinformation to make better business decisions.
Over a twenty-five-year span with brokerage firms including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he became known for his innovative work in credit analysis and investment strategy.
Throughout, the authors note critical issues to consider that go beyond the numbers.
Part 3 discusses the thorny problem of profits. That’s true in spades for Financial Statement Analysis.
The first chapter discusses various tools used to manipulate the revenue recognition process; diverse examples include a software company, a lay-away program at a major retailer, and memberships at a health club. For example, the balance sheet chapter provides insights into problems that arise from the difficulty of assigning a value to an asset, while the income statement chapter details the many pitfalls of pro-forma earnings.
The last part reminds me some issues with technical details and formulas. Investment Valuation Aswath Damodaran. Dispatched from the UK in 2 business days When will my order arrive?